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Tuesday 20.02.2018 | Name days: Smuidra, Vitauts, Smuidris

Music streaming services said to grow larger than downloads

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUAnalysts of music records’ market consider that downloading music files has become too expensive and inconvenient as compared to streaming services. Reports on possible acquisition of Beats Electronics by Apple also indicate that another music migration is taking place.

People can listen to all the music they want in one month by subscribing to a streaming service for the price of an album, the Market Watch quotes Avram Piltch, online editorial director for LapTopMag.com.

«Unfortunately for artists and record companies, the success of music streaming services such as Spotify and Beats Music proves that the cost of buying and owning music has always been way too high,» Piltch considers.

Spotify offers free streaming music (with ads) and charges 6,99 euros a month for ad-free listening; Beats charges USD 9.99 (6,99) a month. Both have catalogues with around 20 million songs of various genres, the Market Watch reports.

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